A new animal-based memecoin is surging to start the week, as Coinbase adds the crypto asset to its listing roadmap. Moo Deng (MOODENG), a crypto asset honoring the baby hippo who became an international sensation, soared 108% as the top US crypto exchange made the announcement. The Solana-based memecoin is now up 59% at time …
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South Korea’s Democratic Party agreed to delay the implementation of crypto taxation laws, signaling a temporary truce in the heated debate over digital asset regulation in the country, the Korean Herald reported on Dec. 2. Democratic Party floor leader Rep. Park Chan-dae announced the agreement to postpone the taxation of crypto profits by two years. Park …
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The European Central Bank (ECB) has unveiled its second progress report on developing the digital euro central bank digital currency (CBDC), outlining advancements in the preparation phase and mentioning a prototype for 2025. In the report, the ECB reaffirms its commitment to providing a secure and efficient digital payment solution that complements cash while safeguarding …
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Coinbase announced the integration of Apple Pay into its Coinbase Onramp service, according to a Dec. 2 announcement. The addition will streamline the process for users looking to convert fiat into crypto, making it faster and more user-friendly. Apple Pay has more than 60 million active users in the US and over 500 million users globally …
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Cardano’s DeFi ecosystem is hitting new heights, with its total value locked (TVL) nearing an all-time high of $700 million. DeFillama data shows that the blockchain network is riding the current bullish market sentiment by adding over $400 million to reach $680 million as of press time. This number marks a massive turnaround for the …
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Meta’s former stablecoin project, Diem, which initially launched as Libra in 2019, ended after facing significant political and regulatory obstacles in the US, according to Diem’s co-founder, David Marcus. Marcus made the revelations in a recent social media post, where he described the challenges leading to the project’s termination as heavily influenced by political considerations. …
Continue reading “Former Diem co-founder says Meta’s stablecoin project was a ‘political kill’”
Coinbase chief policy officer Faryar Shirzad anticipates a rapid push for comprehensive crypto regulation once President-elect Donald Trump begins his new term, CNBC reported on Dec. 2. Shirzad expressed confidence that legislative efforts to regulate the crypto industry will progress “fairly quickly” through Congress under Trump’s leadership. His optimism stems from the combination of a …
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Beleaguered Japanese crypto exchange DMM Bitcoin is set to cease operations after transferring its assets to SBI VC Trade Co. DMM Bitcoin Takes Action to Avoid Inconveniencing Users Beleaguered Japanese crypto exchange DMM Bitcoin is set to cease operations. Its assets will be transferred to SBI VC Trade Co., a subsidiary of SBI Holdings, Inc. …
XLM has significantly outperformed XRP in the past 30 days, despite having a lower market capitalization. XRP Rises on Investor Optimism While XRP has surpassed tether (USDT) to become the third-largest digital asset, its performance over 30 days trailed behind its perceived rival, XLM. According to data from Coingecko, the U.S. dollar value of XLM …
Continue reading “XRP’s Meteoric Rise Overshadowed by XLM’s Stunning 483% Surge”
November saw total inflows for bitcoin exchange-traded funds (ETFs) surpass previous monthly records, reflecting heightened institutional and retail interest. Record Month for Bitcoin ETFs November 2024 marked a significant milestone for bitcoin exchange-traded funds (ETFs), with a record-breaking net inflow of $6.3 billion in investor funds, highlighting renewed confidence in the cryptocurrency sector. According to …
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Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue …
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The Central Bank of Bolivia shared numbers that show the country’s crypto activity is overheating. According to the institution’s data, purchase and sales operations for crypto assets grew over 100% after the bank lifted a blanket ban on crypto operations earlier this year. Bolivia Heats up With Crypto Adoption, Over 252,000 Hold Digital Assets Bolivia, …
Continue reading “Bolivia Becomes a Hotbed After Lifting Crypto Blanket Ban”
The meme token moo deng (MOODENG), themed around a charming baby pygmy hippopotamus from Thailand’s Khao Kheow Open Zoo, kicked off the week with an impressive 46.9% gain on Monday. As of this writing, the token is trading at $0.537 per unit, inching closer to its highest recorded price. Baby Hippo-Inspired MOODENG Charges Ahead, Climbing …
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Stuart Alderoty, chief legal officer (CLO) of Ripple, has made a petition to the cryptocurrency industry to avoid providing jobs for attorneys involved in anti-crypto initiatives. On social media, Alderoty stated: “As crypto enters its renaissance, please don’t hire any lawyer who was involved in suing any crypto company or project, or those who cheered …
The Nike-owned company received investment funding from Andreessen Horowitz during the peak of NFT summer in 2021.
